A private group has recognized a California man who helps poor people and immigrant families. The John D. and Catherine T. MacArthur Foundation announced last month that Jose Quinonez is receiving one of its genius” grants. He was one of 23 people to get recognized. Quinonez was born in Mexico, but moved to the United States as a boy. Today he is a financial service innovator. Quinonez set up a not-for-profit organization called the Mission Asset Fund. Its job is to create a fair financial marketplace for hardworking families. Borrowing money is a big step for people who want to start a business. Quinonez says his goal is to make loans available to individuals who have limited finances. He said about seven percent of Americans do not have a bank account and do not show up on the credit rating system.